Impala to Rehire Majority of Fired Workers

Bloomberg reported Impala Platinum (JSE:IMP) said it is willing to rehire 15,000 or the 17,200 miners who have been on strike for four weeks in an effort to resume production at the Rustenberg mine.

As quoted in the market news:

The Rustenburg mine has been shut for four weeks, costing the company about 3,000 ounces of platinum a day. Rock-drill operators went on an illegal strike in January after they didn’t get a pay increase awarded to miners. The majority of workers didn’t report for duty on Jan. 30, halting the mine and prompting the company to fire 17,200 workers.

Implat’s Group Executive for People, Johan Theron said:

We will have fewer employees, but I don’t think we are going to turn anyone away. Some people have been guilty of misconduct and those we will not take back. A number of people who didn’t want to get caught up in the violence took their exit medicals, and we don’t expect some of them to come back.

Click here to read the full Bloomberg report.